The Asian Development Bank (ADB) is a bank founded in 1966, its main task is to stimulate economic growth in Asia and the Far East by sending direct loans to these regions and providing technical assistance. Headquarters in Manila.
Kazakhstan became a member of the ADB in 1994, shortly after gaining independence.
Over the past 26 years, ADB has assisted Kazakhstan with financing, technical assistance and knowledge support through its sovereign operations. The priority areas of investment were budget support, the transport sector, the financial sector, agriculture and renewable energy sources.
Since 1994, ADB has allocated $5,153.63 million in loans and $48.81 million in technical assistance, including ADB co-financing for Kazakhstan.
ADB has helped Kazakhstan integrate into global transport networks and improve its transit potential. With the support of the bank, Kazakhstan has laid more than 600 kilometers (km) of highways along the transport corridor between Europe and the People's Republic of China. ADB contributed to the reconstruction of 400 km of the Aktau- Beineu road in Mangystau region and 299 km of the road from Aktobe to Makat, meanwhile, in the first months of 2020, work continued on the 70 km section of the Zhetybai-Zhanaozen road. In 2019, the ADB approved a loan for the reconstruction of 156 km of the highway between Aktobe and Kandyagash.
To attract investment and create jobs, ADB supports the growth of micro, small and medium-sized enterprises by improving access to finance, especially for enterprises located outside major cities and/or run by women entrepreneurs. A pilot program of technical assistance and analytical support is provided to the Government of Kostanay region to promote the development of local entrepreneurship. In 2019, the ADB also approved an innovative project to provide more than 3,000 women with access to housing, especially in rural areas.